What Trump’s push into mortgage bonds could mean for income investors

What Trump’s push into mortgage bonds could mean for income investors

President Donald Trump ‘s push into mortgage bonds is good news for investors holding the assets, according to fixed income strategists. Earlier this month, the president directed Fannie Mae and Freddie Mac to purchase up to $200 billion in agency mortgage-backed securities, claiming the move would bring down mortgage rates. Investors immediately reacted to the…

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Powell rains on bulls’ parade. What investors and economists are saying

Powell rains on bulls’ parade. What investors and economists are saying

Federal Reserve Chair Jerome Powell put a damper on the bull rally, after saying that a December rate cut isn’t a “foregone conclusion” as a divided central bank tries to operate on limited visibility. Stocks came off their highs Wednesday following the start of Powell’s post-meeting news conference. The Dow Jones Industrial Average was closed…

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